Irish deputy governor calls for fiscal surpluses

stefan-gerlach

Stefan Gerlach, deputy governor of the Central Bank of Ireland, on September 28 said European countries must begin running fiscal surpluses to reduce their levels of debt.

In the past, economies have managed to grow or inflate away debts, Gerlach said, speaking to the German-Irish Chamber of Industry and Commerce in Dublin, but these are not viable in the present climate.

While an increase in the growth rate of nominal GDP is proven to reduce debts, growth is currently shackled by the debts – a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: